Abstract
During the development of modern probability theory in the 17th century it was commonly held that the attractiveness of a gamble offering the payoffs x1..., xn with probabilities p1, ..., pn is given by its expected value ∑n1xixi.
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© 1991 Springer-Verlag Berlin Heidelberg
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Puppe, C. (1991). Introduction. In: Distorted Probabilities and Choice under Risk. Lecture Notes in Economics and Mathematical Systems, vol 363. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-58203-5_1
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DOI: https://doi.org/10.1007/978-3-642-58203-5_1
Publisher Name: Springer, Berlin, Heidelberg
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